Press release
Global Cubic Boron Nitride Market to Witness a Pronounce Growth During 2023
Cubic Boron Nitride (CBN) is a synthetic chemical compound made up of boron and nitrogen atoms in a one-to-one ratio. Unlike other types of boron nitride, it exists as a cubic crystal lattice, with its atoms arranged in a symmetrical, cube-shaped structure like the crystalline structure of diamond. Its material properties include extreme hardness, stability under heat, and superior chemical resistance. Cubic Boron Nitride is the second-hardest known material after diamond, making it useful in a wide variety of industrial applications, where it is often used as an abrasive or cutting tool.
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Global Cubic Boron Nitride Market: Forecast by Type / Application / Region
Now, China CBN production is the first in the world. .However, the quality of the Cubic Boron Nitride products is not high. Chinese main products are low grade and medium grade. The price is relatively low. In the United States, Europe, Japan, Cubic Boron Nitride product has a complete crystal, high strength, good thermal stability. Product prices are high in these areas, and profit is relatively high.
With the progress of technology, the price of Cubic Boron Nitride gradually decreased. However, the overall gross margin of Cubic Boron Nitride is still very high. CBN process requires relatively high, therefore, in the production of Cubic Boron Nitride manufacturers increasingly concentrated. In China, many small manufacturers will be eliminated.
Currently, CBN Monocrystalline in China accounted for 70% of the total, CBN micro mist accounted for 30% of the total. Most of China's CBN products are exported. With the advancement of technology in China, China's CBN products are increasingly used to their own products.
Over the next five years, LPI(LP Information) projects that Cubic Boron Nitride will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Cubic Boron Nitride Market: Key Players
Element Six
Momentive
ILJIN
Saint-Gobain
Sumitomo Electric Industries
Sandvik Hyperion
Tomei Diamond
FUNIK
Zhengzhou Zhongnan Jete Superabrasives
Famous Diamond
Besco Superabrasives
Berlt Hard Material
Zhengzhou Zhong peng
Henan Huanghe Whirlwind
Yuzhou Hehui Superhard Material Company
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Related Information:
United States Cubic Boron Nitride Market Research Report 2018
Europe Cubic Boron Nitride Market Research Report 2018
North America Cubic Boron Nitride Market Research Report 2018
Asia-Pacific Cubic Boron Nitride Market Research Report 2018
China Cubic Boron Nitride Market Research Report 2018
EMEA Cubic Boron Nitride Market Research Report 2018
Global Cubic Boron Nitride Market Research Report 2018
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